Climate Risk

Treasury, Other US Agencies Release Climate Action Plans

11/10/2021

The plan outline the steps the agencies will take to ensure their facilities and operations adapt to and are increasingly resilient to climate change impacts.

Trading & Investment

HKFE Obtains CFTC Certification for A-share Futures

11/10/2021

The new contract will commence trading next week. The certification means it can be offered and sold to persons in the US.

Structural Regulation

New Zealand FMA Censures Derivatives Issuer FIRMA NZ

11/10/2021

Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were “persistent and systemic”.

Conduct, Culture & Accountability

Australia: Industry Bodies Call for Expansion of CSLR

11/10/2021

15 organisations call for the compensation scheme of last resort to include product providers, managed investment schemes and the funeral expenses industry.

Credit Risk

BSP Raises Loan Limits to Bolster Project Finance

11/10/2021

The single borrower limit was increased to mobilise funding toward projects that support the Philippines’ economic recovery efforts and nation building.

Fraud, Scams & Cybercrime

S. Korea: Founder of Singapore Fintech Jailed for Fraud

11/10/2021

A South Korean court has sentenced the founder of a fintech investment firm Marvelstone Group to ten years of jail time on fraud charges.

Data Privacy

ACCC Accredits Westpac as Data Recipient Under CDR

11/10/2021

ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.

Emerging Prudential Risks

BSP Proposes Prudential Requirements for Digital Banks

11/10/2021

The BSP proposes a 3 percent RRR for digital banks, aligning them with thrift lenders. A 7th licence will not be issued at the stage as previously planned.

Market Risk

SEBI Issues Swing Pricing Framework for Debt Funds

11/10/2021

During periods of market dislocation, investors will only be able to exit certain debt funds at 1-2 percent below the NAV.